Retail sales made over the Internet are on a steep upward trend, even though as yet such sales, for Q3 2010, only make up 4.2% of total retail sales in the U.S.
According to Census Bureau figures released on Wednesday, Web-based sales are growing steadily, and accounting for an increasingly larger portion of overall retail sales. In Q3, e-commerce was estimated at $41.5 billion, an increase of 4% from Q2 of 2010, while total retail sales increased 0.8% from Q2 to $978.7 billion.
E-commerce sales were up in Q3 2010 a total of 13.6% YOY from Q3 2009, while total retail sales for the same period were up 6%. The figures were adjusted for seasonal variation, but not for price increases.